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NEC ECS: Option B - Does PWDD include value of unimplemented Compensation Events?

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Am I correct in stating that the "estimated" cost of unimplemented  compensation events should not be included in a Contractors' assessment of the amount due to the subcontractor?

The PWDD under 11.2(28) is the quantity of work which the Subcontractor has completed for each item in the Bill of Quantities multiplied by the rate. Until a compensation event has been assessed and implemented there will be no new rates or prices, changed quantities or new items included in the Bill of Quantities.

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